DiamondCorp secures R280m IDC loan for Free State mine

The Industrial Development Corporation (IDC) has made a R280-million loan available for the new Lace diamond mine, which DiamondCorp is building in the Free State. The IDC loan would cover over 98% of the estimated capital required to establish a...

DiamondCorp to start finance discussions for Free State mine

JSE- and Aim-listed DiamondCorp is set to start discussions with a number of potential project financiers to further the development of the Lace diamond mine, near Kroonstad, in the Free State. “The key driver for management in these...

DiamondCorp ceases exploration at Botswana kimberlite project

Preliminary results recovered from JSE-listed DiamondCorp’s kimberlite site, in Botswana, have indicated insufficient grades to continue exploration, the company reported on Friday. The African diamond mine development and exploration company...

Company Announcement: Operational Update

Commenting on financing and engineering developments, DiamondCorp CEO, Paul Loudon said: „The long-term metrics for the diamond industry are very strong. Few new long-life kimberlite mines are in the planning, in a market where end users are...

DiamondCorp raises £2.05m to pay off debt

London- and Johannesburg-listed DiamondCorp, which is developing the Lace mine in the Free State, said on Wednesday it had raised £2.05-million for working capital and to pay off debt. The developer placed 31.6-million new shares at 6.5p per...

DiamondCorp mulls R143m Lace mine development

The board of South African diamond miner DiamondCorp is expected to decide on the planned R143-million underground development of its Lace diamond mine near Kroonstad, in the next four weeks. The JSE- and Aim-listed diamond firm was eager to...

Company Announcement: Interim Results (unaudited) for the six month period ended 30 June 2011

DiamondCorp plc, a southern Africa focussed diamond mine development and exploration company, releases its interim results for the six month period ended 30 June 2011. The results are unaudited.

Lace mine could cost up to R126m – DiamondCorp

Aim-listed DiamondCorp said on Monday that it would cost between R100-million and R126-million to bring its Lace mine in South Africa’s Free State into full production. The cost, which was determined by a detailed review of full-scale mine...

DiamondCorp reaches development milestone at Lace

After a year of development activity started at the Lace mine in South Africa, Aim-listed DiamondCorp announced on Tuesday that it had accessed the top of the first mining block at the diamond mine. The company said in a statement that heavy...

Lace development on schedule, says DiamondCorp

Junior miner DiamondCorp reported that the decline development at its Free State Lace mine is on schedule and within the £5-million budget to access the main kimberlite pipe at the -260 m level in March. The Africa-focused company on Thursday...

DiamondCorp to raise £2,95m for further development at Lace prospect

Diamond exploration and development company DiamondCorp said on Tuesday that it intended to raise about £2,95-million through a new shares placing for further development work at its Lace mine, in South Africa, and for debt repayments. The...

Botswana exploration unearths kimberlite – DiamondCorp

The J-05 target at JSE- and Aim-listed DiamondCorp’s Jwaneng South joint-venture (JV) project, in Botswana, had the potential to carry economic diamond grades, CEO Paul Loudon said on Wednesday. The J-05 target formed part of the PL/71...